Omnicom Group Inc. (NYSE:OMC) Holdings Decreased by Naples Global Advisors LLC

Naples Global Advisors LLC decreased its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 2.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,346 shares of the business services provider’s stock after selling 497 shares during the period. Naples Global Advisors LLC’s holdings in Omnicom Group were worth $1,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ST Germain D J Co. Inc. acquired a new position in shares of Omnicom Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group during the 3rd quarter valued at $33,000. HM Payson & Co. raised its stake in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after buying an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in shares of Omnicom Group by 742.4% in the 4th quarter. Trust Co. of Vermont now owns 556 shares of the business services provider’s stock worth $48,000 after buying an additional 490 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Stock Up 0.8 %

OMC stock opened at $81.89 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The firm has a market capitalization of $16.09 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 0.97. Omnicom Group Inc. has a 52-week low of $80.31 and a 52-week high of $107.00. The company’s 50 day simple moving average is $87.14 and its 200-day simple moving average is $95.75.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the previous year, the firm posted $2.20 EPS. As a group, equities research analysts anticipate that Omnicom Group Inc. will post 8.32 EPS for the current year.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.42%. Omnicom Group’s dividend payout ratio is 37.58%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OMC shares. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays reduced their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.25.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.